Company

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA, which is being expanded to 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.

Natural Gas

Natural Gas consists mainly of Methane and small amounts of ethane, propane and butane. It is transported through pipelines but is extremely bulky. A high-pressure gas pipeline can transport in a day only about one-fifth of the energy that can be transported through an oil pipeline.

Terminals

The Company had set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded in phases which is currently 15 MMTPA and the same is under expansion to 17.5 MMTPA. The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country.

CSR

Petronet LNG, as responsible Corporate/Community/Government Citizens, undertake Socio-Economic Development Programme
to supplement the efforts to meet priority needs of the community with the aim to help them become self-reliant.
These efforts would be generally around our work centres mostly in the areas of Education, Civil Infrastructure,
Healthcare, Sports & Culture, Entrepreneurship in the Community. Petronet LNG also support Water Management and
Disaster Relief in the country thereby help to bolster its image with key stakeholders.

Media Centre

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

During the FY 2016-17, the Company’s Dahej Terminal processed highest ever LNG quantities of 714 TBTU, which is 26% above the LNG quantities process in FY 2015-16, i.e. 566 TBTUs and operated at 106% of its average increased nameplate capacity. The overall quantities processed by the Company in FY 2016-17 was 728 TBTU as compared to 580 TBTU processed in 2015-16.

During the quarter ended 31st March, 2017 (current quarter), Dahej terminal processed 177 TBTU of LNG and had operated at around 92% of its average increased name plate capacity.
The Company registered the highest ever profit of Rs 1,706 Crore in the FY 2016-17, which stood at Rs 913 Crore in the corresponding period, witnessing a growth of 87%.

The Company has reported profit after tax of Rs 471 Crore in the current quarter which is the highest ever profit in a quarter and is an increase of 92% over the corresponding quarter (i.e. Rs 245 Crore).

The significant increase in profit over the corresponding quarter ended 31st March, 2016 and corresponding FY 2015-16 respectively, is due to higher volumes processed because of the increase in the Regasification capacity, post expansion of the Dahej Terminal and better efficiency achieved in the operations.

The Company made an investment of Rs 75 Crore (approx.) for 26% equity in the India LNG Transport Company No (4)Pvt Ltd (Vessel named Prachi)in the current quarter.

The Company has created a wholly owned subsidiary company in the name of Petronet LNG Foundation (Not For Profit Company) to further the CSR initiatives of the Company.

The Board of Directors has recommended a bonus issue of 1:1 and an increase in the Authorised Capital of the Company from Rs 1,200 Crore to Rs 3,000 Crore, subject to the approval of the shareholders.

The Board of Directors has also recommended a dividend of Rs. 5.00 per equity share of Rs 10 each (50.00%) for the year 2016-17 subject to the approval of the shareholders.